G-III Apparel Group Ltd. (NASDAQ:GIII) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.80.

Several equities analysts have recently issued reports on the company. Cowen and Company lowered G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a research report on Tuesday, July 26th. Telsey Advisory Group lowered G-III Apparel Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $54.00 to $45.00 in a research report on Tuesday, July 26th. Brean Capital assumed coverage on G-III Apparel Group in a research report on Tuesday, June 21st. They issued a “buy” rating and a $51.00 price target for the company. Piper Jaffray Cos. lowered G-III Apparel Group from an “overweight” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Monday, July 25th. Finally, Zacks Investment Research raised G-III Apparel Group from a “sell” rating to a “hold” rating in a research report on Friday, June 24th.

Shares of G-III Apparel Group (NASDAQ:GIII) opened at 28.90 on Wednesday. The firm’s 50-day moving average is $30.71 and its 200 day moving average is $40.52. The stock has a market capitalization of $1.32 billion, a P/E ratio of 14.05 and a beta of 0.75. G-III Apparel Group has a 12-month low of $28.26 and a 12-month high of $64.54.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.21. The company earned $442.30 million during the quarter, compared to analysts’ expectations of $484.85 million. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. G-III Apparel Group’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities research analysts forecast that G-III Apparel Group will post $2.12 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Pitcairn Co. increased its stake in G-III Apparel Group by 0.3% in the second quarter. Pitcairn Co. now owns 4,565 shares of the company’s stock worth $208,000 after buying an additional 14 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in G-III Apparel Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $814,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. increased its stake in G-III Apparel Group by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,086 shares of the company’s stock worth $232,000 after buying an additional 189 shares in the last quarter. Arizona State Retirement System increased its stake in G-III Apparel Group by 1.0% in the second quarter. Arizona State Retirement System now owns 20,775 shares of the company’s stock worth $950,000 after buying an additional 200 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in G-III Apparel Group by 5.7% in the second quarter. ProShare Advisors LLC now owns 6,387 shares of the company’s stock worth $292,000 after buying an additional 346 shares in the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

5 Day Chart for NASDAQ:GIII

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